While the COVID-19 pandemic has affected fleets both big and small, larger carriers seem to be seeing their volumes increase slightly higher, according to research from FourKites. ...
Tesla Inc's (NASDAQ: TSLA) California plant reopened after Elon Musk defied orders aimed at containing the spread of COVID-19. Musk asked to be the only person arrested, if it comes to that, he tweeted on Monday.On Saturday, the company also filed a federal lawsuit and threatened to relocate its manufacturing facility after unelected Alameda County health authorities demanded the company not return to full operations. It is still unclear whether Tesla will suffer any consequences for reopening without permission.The Other FrontThe Big 3 Detroit automakers are overcoming the market turmoil due to their fortified balance sheets. Morgan Stanley (NYSE: MS) conducted a "shutdown analysis" and its results inspired confidence as General Motors Company (NYSE: GM) and Ford Motor Company (NYSE: F) are now more financially stable than during the last major financial crisis. As CEOs made it their mission to be prepared for the next crisis, billions in cash were set...
Goldman Sachs's Marcus, CIT, Citibank, Ally, and many more popular online savings banks have lowered their rates, responding to the Fed's historic rate cut in March....
Shares in home-fitness cycling company Peloton Interactive (PTON) have surged 10% in trading on May 12, bringing the stock’s year-to-date gain to over 65%. That’s after the company informed investors that it surpassed 1 million aggregate Connected Fitness subscribers.And now Andrew Left of Citron Research argues that enough is enough and investors should put Peloton into perspective: “This is retail mania – you can love the product, but stock has peddled its way to stupidity” tweeted the well-known activist short seller on May 12.As Left points out Peloton’s market cap has surged $5B this year; and with 300K connected subscribers that translates to $17K per subscriber.In contrast, the 2020 market cap for Teladoc (TDOC\- the telemedicine and virtual healthcare company) is up $8B vs. paid members up 6.2 million or $1300 per subscribers, Left tweeted.Nonetheless, five-star Stifel Nicolaus analyst Scott Devitt at Stifel Nicolaus has just raised his price target to $50 from...
